The Headset by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)
According to The Business Research Company’s Headset, The headset market size has grown exponentially in recent years. It will grow from .85 billion in 2023 to 0.67 billion in 2024 at a compound annual growth rate (CAGR) of 31.0%. The growth in the historic period can be attributed to gaming industry growth, increasing disposable income, rise of remote work, entertainment consumption patterns, globalization of e-commerce.
The headset market size is expected to see exponential growth in the next few years. It will grow to 3.23 billion in 2028 at a compound annual growth rate (CAGR) of 31.7%. The growth in the forecast period can be attributed to rise of augmented reality (ar) and virtual reality, remote work and communication needs, evolving consumer lifestyles, environmental sustainability, emergence of new distribution channels. Major trends in the forecast period include wireless connectivity dominance, rise of true wireless earbuds, integration of advanced features, multi-functional smart headsets, focus on ergonomics and comfort.
The increasing penetration of smartphones is expected to propel the growth of the headset market going forward. Smartphones are devices that perform many of the functions of the computer and have multiple benefits that include a touchscreen interface, internet access, and compatibility. Headsets are helpful for people using smartphones as they are easy to handle, and provide better communication for gaming and general calls. As a result, the increasing number of smartphones increases the demand for the headsets. For instance, in June 2022, according to Zippia, a US-based career expert, globally, 86% of the population, with approximately 6.65 billion people were using a smartphone which is expected to increase by 12% to 7.52 billion smartphone users by 2026. Therefore, the rising penetration of smartphones is driving the demand in the Headset market.
The Headset Market Covered In This Report Is Segmented – 1) By Type: In-Ear, Over Ear 2) By Price Band: Below USD 50, USD 51-150, USD 151-350, Over USD 351 3) By Connectivity: Wired, Wireless 4) By Application: Smartphone, Personal Computer (PC), Wearable, Other Applications
Technological innovations are a key trend gaining popularity in the headsets market. Major companies operating in the headset market are introducing innovative products with advanced technologies to sustain their position in the market. For instance, in September 2022, Jabra, a Danish-based company specializing in audio equipment launched two innovative products, engage 40 and engage 50 II. They include in-built hearing protection, noise-isolating earcups, and advanced speaker technology with innovative speech optimization and background noise cancellation that enable customers to communicate clearly without any noise
The headset market report table of contents includes: 1. Executive Summary 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis ………. 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis
Like it? Share it!
About the Author
ramacharitbrc Joined: July 1st, 2020 Articles Posted: 1,960
